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English definition of “crawling peg”

crawling peg

noun [C]
 
 
( also sliding peg)
ECONOMICS a method for controlling the value of a currency in relation to other currencies by allowing small regular changes in it over a period time: The country is likely to allow its currency to appreciate over a period of time with the use of a crawling peg. →  See also peg
(Definition of crawling peg from the Cambridge Business English Dictionary © Cambridge University Press)
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